move, which included layoffs, but apparently it wasn't enough to appease the creditors. >> we followed their advice to the letter, and still it wasn't enough. the changes at city college are massive. they are massive. the cuts were massive. >> they called into question govern nans, the way the place was run. do you owe these students the apology. >> some of that was true over a year ago, but it's not true now. >> this is by no means a done deal. city college is going to appeal the decision. at least one teachers' group is talking about a lawsuit, and even if those efforts fail, doesn't mean they'll shut down city college. in fact, they're talking about appointing an outside trustee to run the college, liz, in which case the local school board, the elected board would be rendered powerless. >> meanwhile, the students are the ones that are really suffering. >> yeah. you know, you've got people trying to transfer to four-year institutions.